⭐️GOLD: forecast for May 16-May 20
➡️ Precious metals are under strong pressure from sellers, at the moment, the bearish trend in the market continues to strength in Gold. Thus, the US dollar will continue to be the focus of market participants in terms of risk aversion.
It is assumed that this bearish trend will persist for some time, after which it will begin to recover. Growth under 3000 and 4000 looms very, very unlikely. This scenario is unlikely, and transnational companies will not be interested in such prices. The products and services of these organizations will simply have a gigantic price tag that no one can afford.
At the moment, we can consider a long from the level of 1780. The target of growth is the level of 1850. So far, it is very risky to set goals higher, since the liquidation of longs will continue with a high degree of probability.
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It is assumed that this bearish trend will persist for some time, after which it will begin to recover. Growth under 3000 and 4000 looms very, very unlikely. This scenario is unlikely, and transnational companies will not be interested in such prices. The products and services of these organizations will simply have a gigantic price tag that no one can afford.
At the moment, we can consider a long from the level of 1780. The target of growth is the level of 1850. So far, it is very risky to set goals higher, since the liquidation of longs will continue with a high degree of probability.
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
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